Why NIO Shares Are Trading Higher Today


Motley Fool

Why Plug Power Stock Popped on Monday

Shares of fuel cell pioneer Plug Power (NASDAQ: PLUG) jumped out of the gate on Monday, opening 4.1% above Friday’s close at 9:30 a.m. ET, before starting to wobble lower. At the same time, rival fuel cell operator Ballard Power Systems (NASDAQ: BLDP) jumped 3.6% at the open, and — in fits and starts — proceeded to move even higher. You see, over the weekend, investment bank Citigroup recommended a “pair trade” of both these fuel cell stocks, suggesting that investors should sell Ballard Power shares (rating them underweight) and use the money to buy shares of Plug Power instead.

Warren Buffett Stocks: GOOGL Stock, PayPal Among 13 Stocks On This Screen

Previous article

Zoom Earnings: All Hinges on the Growth Outlook

Next article

You may also like


Leave a reply

Your email address will not be published.

More in News